8-K/A
filed August 16, 2021, 7:59 PM ET
ticker BMNR
CIK 0001829311
other material
confidence high
sentiment neutral
materiality 0.85
BitMine exits shell, new control with 57% stake, 51 MW hosting deal, $1M credit
BITMINE IMMERSION TECHNOLOGIES, INC.
- Company exited shell status; new board and management appointed with crypto industry expertise.
- Secured a 51 MW oil-immersion hosting equipment purchase agreement for Bitcoin mining.
- Line of credit of $1M from Chairman Bates at 15% annual interest to fund operations.
- Change of control: new directors acquired 57% of outstanding shares via stock offering at $0.015/share.
- Name changed to BitMine Immersion Technologies; reverse/forward split completed to reduce share count.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Bates was appointed as Chairman at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chairman
Exact text from the filing
and to appoint Jonathan Bates as Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond Mow was appointed as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
the Company’s board of directors appointed Raymond Mow as Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seth Bayles was appointed as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Corporate Secretary
Exact text from the filing
and Seth Bayles as Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik S. Nelson resigned as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Ramnath was appointed as Chief Operating Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
the Company’s board of directors appointed Ryan Ramnath as Chief Operating Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seth Bayles was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Maloney was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Bates was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond Mow was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik S. Nelson resigned as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Corporate Secretary
Exact text from the filing
Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary.
View on SEC.gov
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